Entries by Bvsiness

Bitcoin slides to below $10,000

Bitcoin, the dominant digital currency, extended a slump Wednesday following a recent surge to trade below $10,000 for the first time since the start of December. Around 1410 GMT, bitcoin stood at $9,807.56 to record its lowest value since December 1 and a plunge of almost 50 percent since reaching a record high on December […]

Panama Votes to Boot Trump Hotels Out Of Country

An attempt to try to strip President Donald Trump’s name from a hotel building in Panama has turned bitter, with the U.S. leader’s hotel company refusing to leave the Central American country without a fight. Owners of the Trump International Hotel in Panama City, the country’s capital, are reportedly fighting to have the name of […]

Retail alert: Sam’s Club is abruptly closing locations nationwide

Bad news for Sam’s Club members! The Walmart-owned warehouse club has abruptly shut down multiple locations across the country, according to local media reports. Closures have reportedly taken place in Tennessee, Georgia, New York, Ohio, Indiana, Maryland, Texas and elsewhere — without warning. RELATED: Macy’s, Sears and Kmart closing sales: 3 things you need to […]

EDITORIAL: Women stronger than men, live longer

Researchers at the Max Planck Odense Center at the University of Southern Denmark have just discovered what everybody already knew (which is the most persuasive kind of research): Women are stronger than men, and they live longer, too. Women not only live longer than men in ordinary times, but the new research shows that women […]

Largest known prime number discovered: Why it matters

By Anthony Bonato, Professor of Mathematics, Ryerson University. jodi foster (Warner Bros. 1997) In the movie Contact, based on the novel of the same name by Carl Sagan, Dr. Ellie Arroway searches for intelligent extraterrestrial life by scanning the sky with radio telescopes. When Arroway, played by Jodie Foster, recognizes prime numbers in an interplanetary […]

Six banks face probe over bitcoin trading

The governmnt will inspect six major local banks over virtual accounts offered to cryptocurrency exchanges. The move is another in a series to prevent speculation and money laundering, while putting a damper on the hot new money market. According to Yonhap news agency, the Financial Supervisory Service (FSS) will carry out inspections — Woori Bank, […]

The Bank Of England Is Planning A Bitcoin-Style Virtual Currency – But Could It Really Replace Cash?

Governments are extremely worried about cryptocurrencies such as bitcoin. These virtual currencies mean you can make payments without involving the banks that most economies and government financial models are built on. People can transfer large amounts of money without the authorities knowing, potentially making it easier to evade tax or launder money. So several countries’ […]

Startup unveils ‘car of future’ for $45,000

A Chinese startup unveiled its vision for the automobile of the future Sunday, promising to deliver an “intuitive and intelligent” car to global markets starting next year from around $45,000. The electric-powered concept car shown by Byton at the Consumer Electronics Show in Las Vegas is touted as a computing device on wheels, equipped with […]

Google moved 16 bn euros to Bermuda to avoid tax: Bloomberg

Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reported on Wednesday, quoting regulatory filings in the Netherlands. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich”, to shield the majority of its international profits from […]

Capital One Accounts Double Charged For Recent Transactions, Users Missing Thousands Of Dollars

Many Capital One Bank account holders learned today that the bank has been double charging many recent transactions resulting in hundreds if not thousands of dollars missing from banks accounts across the country. Debit card bank transactions have us seeing double today. Rest assured our support teams are engaged & working towards a fix. Hanging […]

Meryl Streep says scrutiny over her Weinstein silence should be turned on Melania Trump

Actress Meryl Streep says curiosity over her silence regarding disgraced Hollywood mogul Harvey Weinstein should be directed at other women: First Lady Melania Trump and Ivanka Trump. The New York Times interviewed actor Tom Hanks and Ms. Streep for their upcoming movie “The Post,” but the conversation soon turned to Hollywood’s sexual misconduct scandals and […]

Chocolate May Go Extinct In Next 40 Years

Chocolate could reportedly vanish as early as 2050. This revelation has led scientists from the University of California at Berkeley to work with Virginia-based manufacturer Mars, Incorporated to save the cacao plant from disappearing. Warmer temperatures and drier weather conditions are expected to be the root of the cacao plants’ potential disappearance, according to Business […]

Streaming becomes mainstream as cord-cutting accelerates

CHICAGO — Cord-cutting is not just for millennials anymore. Fed up with high prices and bloated packages, millions of Americans cut the cord on cable TV in 2017, finding refuge with a growing number of streaming services, which deliver lower prices and a competitive channel lineup over the internet. “This was really the year that […]

Ivanka Trump Diamonds Embroiled in Alleged Fraud Scheme

Diamonds from first daughter Ivanka Trump’s now-defunct fine jewelry line were allegedly used in a massive money laundering and fraud scheme, according to a federal court filing, GQ reported. The Commercial Bank of Dubai in late June sought and later got permission to subpoena Ivanka Trump Fine Jewelry, claiming its diamonds were vehicles in a […]

Bitcoin suffers fresh plunge, losing a third since start of week

Bitcoin prices suffered a dramatic plunge on Friday, dropping 20 percent at one point towards the $13,000-mark in volatile Asian trading. The cryptocurrency kicked the week off with a bang, almost hitting $20,000 as it extended its astonishing rise but it has suffered a significant correction this week, losing a third of its value. Bitcoin […]

China vows to clean up pollution, further open economy

China ended a major economic meeting on Wednesday, vowing to boost imports, open its markets and clean up noxious pollution. The pledges were made at the annual Central Economic Work Conference, at which leaders review past policy and plan for the upcoming year. The results of the three-day closed-door meeting were released by state news […]

The Billion-Dollar Loophole

The idea seems like the perfect marriage of environmentalism and capitalism: Landowners give up their right to develop a piece of property, and in exchange they receive a special tax deduction. Nature is preserved and everybody benefits. That’s traditionally how what are known as “conservation easements” worked. In California’s Napa Valley, for example, a former […]

Wine glasses have gotten 7 times bigger since the 1700s, new study concludes

This likely means that people are drinking more alcohol than before – much more. Since time immemorial, wine has been a companion both in moments of happiness and moments of sadness. But as time passed, it seems we’ve grown closer and closer to this companion beverage. Modern agriculture and technology have allowed us to produce […]

Why justice is more important than the rule of law

By Klaus Mladek, Associate Professor of German Studies and Comparative Literature, Dartmouth College. Special Counsel Robert Mueller. AP Photo/J. Scott Applewhite, File The 2017 Stress in America survey has confirmed it: Americans are officially freaking out. The survey, conducted by the Harris Poll, reports that what keeps many Americans up at night is genuine political […]

The dangerous belief that white people are under attack

By Clara Wilkins, Assistant Professor of Psychology, Wesleyan University. Lucian Wintrich, left, leaves court on Dec. 11 after charges of breach of peace were dropped. In November, Wintrich had delivered a speech at the University of Connecticut titled ‘It’s OK To Be White.’ AP Photo/Jessica Hill In August, the Justice Department decided to investigate instances […]

China’s chances called good for Lasker Prize

One of the most influential scientists in the United States says China might be about to see its second winner of the Lasker Prize, a top award whose recipients often go on to become Nobel laureates. Bruce Stillman, who sits on the 22-member prize jury, indicated in an exclusive interview that he thinks a top […]

Blockchain Market Worth 7,683.7 Million USD by 2022

Blockchain Market Worth 7,683.7 Million USD by 2022 PUNE, India, December 15, 2017 /PRNewswire/ – According to a new market research report “Blockchain Market by Provider, Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, and GRC Management), Organization Size, Industry Vertical, and Region – Global Forecast to 2022″, published by MarketsandMarkets™, the […]

Cryptocurrency Mining Company HashChain Technology is Publicly-Listed on the TSX Venture Exchange under the symbol KASH

Cryptocurrency Mining Company HashChain Technology is Publicly-Listed on the TSX Venture Exchange under the symbol KASH $codeDebug.log(“output array of get country targets countryT VANCOUVER, Dec. 15, 2017 /PRNewswire/ – HashChain Technology Inc. (” HashChain” or the ” Company”) is pleased to announce that it has received final approval for listing on the TSX Venture Exchange […]

Fund a Kickstarter without losing your money—or your mind

Bring your common sense to crowdfunding. You want to fund an amazing tech Kickstarter. But how can you be sure they’ll deliver on their promises? Kickstarter The crowdfunding website Kickstarter is a fantastic showcase for innovation and creativity. Through its interface, you can financially support the independent creators who make music, movies, and gadgets. In […]

A new study indicates that drivers may be spending too much at the pump for gas they don’t need

There are owner’s manuals for several cars that recommend that you use premium fuel, but a recent study from the American Automobile Association indicates that it might not be worth it. The study was conducted to discover whether premium fuel yields improved fuel economy, more horsepower, and if it costs more. The vehicles used for […]

Taiwan steel firm behind toxic dump in Vietnam fined again

A Taiwanese steel firm behind a toxic spill that killed tonnes of fish in central Vietnam last year was fined for a second time for illegally burying “harmful” waste, official sources said Sunday. The deadly dump from Formosa’s $11 billion steel plant in Ha Tinh province sparked one of the country’s worst environmental catastrophes, decimating […]

Republicans Refusing To Continue Trump Investigation

Republicans are refusing to name new witnesses in the Congressional investigation into the Trump campaign’s alleged collusion with Russia during the 2016 election and may be prematurely winding down the probe, according to the ranking Democrat in the House Intelligence Committee. Firing off a nine-tweet thread on Friday, Adam Schiff (D–California) warned he had become […]

How the ‘Greatest Showman’ paved the way for Donald Trump

By Michael Greenwald, Emeritus Professor of Theater, Texas A&M University . ‘I don’t care what they say about me,’ P.T. Barnum once said, ‘as long as they spell my name correctly.’ Everett Historical/Shutterstock.com Historian James Cook, in his 2001 book “The Arts of Deception,” points to July 1835 as “the birth date of modern American […]

Facebook Highlights Dangers of Using Facebook

With nearly 2 billion users, Facebook’s survival depends on people continuing to use its service. That’s why observers were surprised by an unusual company blog post Friday that highlighted some of the potential harm of using the social media service. Titled Hard Questions: Is Spending Time on Social Media Bad for Us?, the company cited […]

Legal Marijuana Market Focus on US and Canada: Trends, Outlook and Analysis Forecasts to 2021

MarketReportsOnline.com adds “Legal Marijuana Market (Medical & Recreational) with Focus on US & Canada: Industry Analysis: (2017-2021)” report to its research store. PUNE, India, Dec. 13, 2017 /PRNewswire-iReach/ — Cannabis, also known as marijuana, is a family of plants called Cannabaceae. There are more than 700 varieties of cannabis that have been described so far. […]

What Greenland’s landscape looks like without any ice

The most detailed map of Greenland’s topography was released this week by a team of British and American researchers. An accompanying video simulates what the massive island would look like if it were free of ice. Speaking of which, the new findings suggest that Greenland’s ice sheet has the potential to contribute more to global […]

Net neutrality: where do we go from here?

The FCC voted to repeal net neutrality. What does that mean for us? Mignon Clyburn FCC commissioner Mignon Clyburn gave a powerful message of dissension before the vote. FCC The Federal Communications Commission just voted to approve the Restoring Internet Freedom Act, which repeals the net neutrality rules that have been in place since 2015. […]

For over 90 years, this Holocaust survivor’s art has kept him alive

When you step inside artist Kalman Aron’s modest apartment in Beverly Hills, a lifetime of creation surrounds you. The walls are covered in paintings and finished canvases are stacked on the floors, a dozen deep. The paintings range from portraits to landscapes to abstract works. They’re just a fraction of the roughly 2,000 pieces Aron […]

Investors flush with $26 trillion to strong-arm corporations on climate change

Beware. President Donald Trump may have put a stop to America’s participation in the Paris accord, citing its burdensome regulatory climate change mandates and cost-hiking economic downers. But a plot afoot at the Paris climate summit would moot Trump’s action and make most of America a participant in the accord, anyway. Climate Action 100+ tweeted […]

Legendary actor Kirk Douglas turned 101, and his family celebrated him in the sweetest ways

Kirk Douglas,Michael Douglas,Catherine Zeta-Jones Kirk Douglas had a whole lot of help to blow out his many birthday candles! The Hollywood legend rang in 101 years on Saturday and was showered in tributes from his famous family, reported the Daily Mail. Watch the video RELATED: Catherine Zeta-Jones shares 17-year-old wedding photo and pays tribute to […]

2017 Nobel prize winners

Sweden’s royal family lead by King Carl XVI Gustaf put on a glittering display on Sunday in Stockholm as the world’s great and the good were awarded their prestigious Nobel prizes. Those for medicine, physics, chemistry, literature and economics are handed out in Sweden, while the one for peace always takes place in Norway. At […]

Climate summit: The greening of international finance

It is often said that the colour of money is green, but until recently the finance industry hasn’t been well adapted to helping achieve policy objectives for the environment. New instruments have been developed to help mobilise financing for projects to mitigate climate change, some of which have caught on, but measuring their impact remains […]

Is Donald Trump Ending American Democracy?

Disagreement between Republicans and Democrats on the Trump administration’s tax policy is a given. But President Donald Trump’s attacks on the pillars of U.S. democracy is something every American should fight, says Brian Klass, an academic who studies authoritarian regimes. “I don’t mind that people agree or disagree on tax policy, health care, foreign affairs,” […]

Financial Big Data: The Traces Of Trillions In Economic Activity

The financial world has always been about extracting value from information. The difference today is the sheer proliferation of data which can be modelled by scientists armed with lots of computing power. This ranges from numerical price information (which might now be called traditional data) to more exotic datasets, such as satellite imagery or location […]

Should the NFL Just Move the Bills to Toronto? …….(Stay there)

Despite declining television ratings and assorted controversies—concussions, anthem protests, Deflategate, Tom Brady’s weird diet—the National Football League remains a moneymaking juggernaut. In March 2017, the NFL was projecting revenue for this year of $14 billion, according to Sports Business Journal. (The final figures for 2017 haven’t been released yet). Goodell wants to make $25 billion […]

Largest amphibious aircraft set for maiden flight

The world’s largest amphibious aircraft, the AG-600, will carry out its maiden flight “very soon”, according to Aviation Industry Corp of China, the plane’s developer. The State-owned aircraft giant said on its WeChat account on Tuesday that it held two meetings in Zhuhai, Guangdong province, from Friday to Sunday to review the quality and condition […]

Job alert: 50 best places to work in 2018

If you’re planning to make a career-related move in 2018, finding a new job may be one of your New Year’s resolutions. With January and February being two of the busiest months for hiring, Glassdoor has just revealed its list of the best companies to work for — which could come in handy for job […]

Beyoncé gave Colin Kaepernick a “legacy” award last night, and Tomi Lahren wasn’t having it

Beyonce Knowles-Carter, Colin Kaepernick Colin Kaepernick was this year’s recipient of Sports Illustrated’s Muhammad Ali Legacy Award, which he accepted in person from surprise presenter Beyoncé Knowles-Carter on Tuesday night. .@Beyonce presents @Kaepernick7 with SI’s Muhammad Ali Legacy Award Watch Kaepernick’s full speech on Friday, Dec. 8 at 8 p.m. ET on NBC Sports Network […]

Time is running out for BuzzFeed, Mashable

BuzzFeed has given up on going public for now and Mashable is looking for an emergency buyer. The honeymoon period looks to be over for online news websites — left fragile by a model built almost entirely on advertising. Less than two years ago, blog turned news site Mashable was valued at $250 million, with […]

Give Rich People A Little Credit, Senator Argues

The richest Americans deserve some credit for not spending every dime on “booze” or women,” according to a wealthy senator who aided in passing a sweeping tax overhaul early Saturday morning. Iowa Republican Senator Chuck Grassley told The Des Moines Register that the federal estate tax — which places a 40-percent tax on millions of […]

BuzzFeed to cut jobs, refocus advertising

BuzzFeed said Wednesday it was cutting an estimated 100 jobs as the news and entertainment website reorganizes its advertising efforts in the face of disappointing revenues. The cuts will be mainly in the business and advertising divisions in the US operations, with a number of editorial and business employees cut in Britain, a spokesman said, […]

Big data often yields small returns. Here’s how to fix that

“Mining” is a popular shorthand expression for how we uncover important insights buried in big data. So when I read recently that a record 1,040 students signed up for Stanford University’s CS229 Machine Learning course by the first day of class, I thought of the 19th-century Gold Rush to the same part of the country. […]

Lawsuit accuses Google of stealing data of 5m UK users

A consumer activist launched Thursday a lawsuit accusing Google of illegally collecting data on more than five million British iPhone users, who could possibly see a payout reaching into the hundreds of millions. A campaign group dubbed ‘Google You Owe us’ says the tech giant owes consumers “trust, fairness and money” after unlawfully placing cookies […]

A hospital charged $1,877 to pierce a 5-year-old’s ears. This is why health care costs so much

Two years ago, Margaret O’Neill brought her 5-year-old daughter to Children’s Hospital Colorado because the band of tissue that connected her tongue to the floor of her mouth was too tight. The condition, literally called being “tongue-tied,” made it hard for the girl to make “th” sounds. It’s a common problem with a simple fix: […]

Venezuela’s Maduro says he could stop oil sales to US

Venezuelan President Nicolas Maduro floated the idea Tuesday of cutting off oil sales to the United States, which buys almost half its output. Never one to shy away from provocative rhetoric, socialist Maduro said that US sanctions against Caracas were over the top, and maybe not worth the trouble. Venezuela produces 1.9 million barrels per […]

N. Korea fires ballistic missile

North Korea fired a ballistic missile Wednesday, South Korean military officials said, the first such launch in two months and just a week after the US slapped fresh sanctions on the hermit state and declared it a state sponsor of terrorism. The North has stoked international alarm over its banned nuclear missile program but before […]

N. Korea fires ballistic missile

North Korea fired a ballistic missile Wednesday, South Korean military officials said, the first such launch in two months and just a week after the US slapped fresh sanctions on the hermit state and declared it a state sponsor of terrorism. The North has stoked international alarm over its banned nuclear missile program but before […]

Under Trump, Rich People Run to Florida to Dodge Taxes

The Republican tax plan has America’s one percent worried about facing steeper levies on their income, and fat cats in the Northeast may have found a solution: Flee to Florida. The Sunshine State, which has no state income tax and business-friendly revenue codes, is eager to take them. The Miami Downtown Development Authority is throwing […]

These major retailers are closing 1,000 stores in 2018

The new year could be another difficult one for traditional retailers. After closing more than 5,000 stores in 2017, we’re already getting word of closings for 2018. In 2017, the store closure and bankruptcy announcements began in January, right after the Christmas shopping season. RELATED: This retail secret may trick right-handed shoppers into spending more […]

Celebrity elephant kills owner in Thailand

An elephant that has starred in feature films and commercials crushed its owner to death in Thailand, zoo officials said Tuesday, setting off fresh debate over the kingdom’s animal tourism industry. The accident took place Monday morning in the northern city of Chiang Mai, just after owner Somsak Riengngen unchained the five-tonne elephant Ekasit. With […]

Harvard accused of racial screening

Probe launched into an alleged limit on Asian-American students BOSTON – The US Justice Department is investigating complaints that Harvard University intentionally limits the number of Asian-American students it admits, according to a report on Tuesday. The department has also accused the university of failing to cooperate with the probe into the relevance of race […]

Nation inks 25 deals with Ontario

China and Canada’s Ontario province have inked 25 deals worth almost C$600 million ($472 million), mainly in technology, e-commerce, finance and healthcare sectors, as the two countries continue to deepen economic and trade ties. Highlights of the signed deals included technology giant Tencent’s cooperation with Ontario’s OTT Financial Group to build a business accelerator center […]

This piece of jewelry is actually an alarm

According to RAINN, the Rape, Abuse & Incest National Network, one in every six American women will be the victim of an attempted or completed rape at some point in her lifetime. Yasmine Mustafa felt compelled to do something about this, so she created Athena — a bluetooth-enabled alarm that resembles a piece of jewelry. […]

Canada to track economic impact of cannabis ahead of legalization

Canada’s statistical agency said Tuesday it will start tracking the economic impact of recreational use of cannabis before it is legalized next year, but highlighted challenges of measuring black market transactions. The value of the production, importation and consumption of cannabis in Canada — which will remain illegal except for medical use until June 30, […]

“Now I will carry him”: Shaun Cassidy shares tearjerking tribute to brother David

Shaun David Cassidy Actor Shaun Cassidy remembered his late brother David in a lovely tribute about their younger years. “The Partridge Family” star died from organ failure after a hospital stay from complications relating to his dementia. He was 67. Watch the video RELATED: David Cassidy’s on-screen little brother’s emotional tribute will break your heart […]

Green development think-tank formed in Xiongan

A research company that focuses on green development in Xiongan New Area in North China’s Hebei province has been recently set up to provide consulting services. This is the first of its kind established in the area, said a report by thecover.cn. Xiongan Green Research Think-tank Co (or Xiongan Lvyan Zhiku Co), registered with 50 […]

Overseas students turning away from US universities

Report points to uncertainty and competition as China stays top WASHINGTON – Universities are becoming less attractive to overseas students, according to a report released on Monday, adding to the financial woes of many less prestigious schools. The annual report by the Institute of International Education showed that newly enrolled international students in 2016 dropped […]

Tesla unveils its all-electric semi truck

After revolutionizing electric cars, Tesla is tackling a new frontier in “green” transportation with the introduction a futuristic all-electric semi truck. “We designed the Tesla truck to be like a bullet,” said Tesla co-founder and CEO, Elon Musk. The billionaire South African-born inventor unveiled the new vehicle Thursday at an event in Hawthorne, California, site […]

Japan railway ‘deeply sorry’ after train leaves 20 seconds early

A Japanese railway operator has issued a deep apology for the “tremendous nuisance” caused by a train departing 20 seconds early, surprising even a nation renowned for both punctuality and politeness. The Tsukuba Express train linking Tokyo and the capital’s northern suburbs pulled out of Minami Nagareyama Station at 9:44:20 instead of 9:44:40. “We deeply […]